Melbana Energy Limited · ASX:MAY
Melbana Energy — APPEX Conference, London 2018
13 slides from Melbana Energy's conference presentation, Mar 2, 2018
Slide 1: Cuba Block 9 World Class Exploration Acreage
For personal use only Cuba Block 9 World Class Exploration Acreage APPEX Conference, London February 28, 2018
Slide 2: Forward-looking Statements and Resources
Disclaimer For personal use only Forward-looking Statements and Resources Summary of information: This presentation contains general and background information about Melbana Energy’s activities current as at the date of the presentation and should not be considered to be comprehensive or to comprise
Slide 3: Company Overview
Company Overview For personal use only Company Data 12 month share price performance Index S&P/ASX All Ordinaries ASX Ticker ASX:MAY Shares on issue ~1,666m Options/ SPRs ~210m/ ~5.3m Market Cap ~$27m (12 Feb) Cash (31/12/17) ~$6.4m Debt Nil Enterprise Value ~$20m Board and Management Shareholders C
Slide 4: Melbana Project Summary
Melbana Project Summary Cuba (Block 9 100%) For personal use only USA • Prolific and extensive hydrocarbon system in need of modern exploration techniques and investment USA • Exploration potential of ~12.5 billion barrels of oil-in-place with recoverable Prospective Resources of 637 million barrels
Slide 5: Cuba – Gulf of Mexico, an Oil Rich Region
Cuba – Gulf of Mexico, an Oil Rich Region Prospectivity and Market For personal use only • Gulf of Mexico - one of the world’s great petroleum mega provinces • Under-explored south-eastern margin of the Gulf of Mexico • Limited application of modern exploration techniques due to 50+ year US embargo
Slide 6: Cuba Block 9 – An Overview
Cuba Block 9 – An Overview Multi-billion barrel conventional oil potential For personal use only • Significant onshore footprint - 2,380km2 • Lightly explored • Northern fold belt, along trend from Varadero oil field (>11 billion barrels oil-in- place) • Natural oil seeps and has several small disco
Slide 7: Cuba Block 9 – Leads in Conventional Play
Cuba Block 9 – 19 Leads in Conventional Play Priority drill targets identified – Alameda, Zapato and Piedra For personal use only Block 10 (Sherritt 100%) drilling exploration well 7
Slide 8: Alameda Prospect
Alameda Prospect Multi-target exploration drilling close to historic oil recoveries For personal use only • Three targets for Alameda-1, two up dip of known oil recoveries • Marti-5 (1988) recovered oil (24°API) with oil shows over an 850 metre gross interval from Alameda objective • 32% chance of s
Slide 9: Zapato Prospect
Zapato Prospect Large structure with hundred million barrel potential For personal use only • Zapato Prospect is a large robust structure targeting fractured carbonate objective • Defined on multiple seismic lines • Adjacent to shallower Motembo oil field which produced high quality light crude (50
Slide 10: Piedra Prospect
Piedra Prospect For personal use only • Piedra Prospect is a large robust structure targeting fractured carbonate objective • Seismically mapped structure coincides with a large closed gravity high, which were successfully drilled in past (eg Varadero) • Adjacent to San Anton oil discovery • San Ant
Slide 11: Preparations for drilling in 2018
Preparations for drilling in 2018 For personal use only Securing people, permits, equipment and services • Field work and topographic survey completed for Alameda-1 and Zapato-1 well sites, camp sites and access roads • Benign surface conditions encountered at well site locations • Appointed experie
Slide 12: Farm in opportunity
Farm in opportunity For personal use only Opportunity to farm in to world class onshore exploration acreage • Active farm-out process underway • Physical Data Room open in Melbourne, Australia • Video conference facilities available for pre and post physical dataroom visits • Please visit Errol John
Slide 13: For personal use only
For personal use only